Jacquet Metals: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF maintains its 'neutral' rating on Jacquet Metals shares, with a price target raised from E16.
5 to E20.

The group published 2024 results in line with Oddo BHF's expectations, with sales of E1,970 million, down 11.7%, and net income, group share of E6m.

Jacquet Metals is still in a slightly longer downtrend than in recent cycles, with demand weak and prices still at low levels. As a result, business and profitability across all divisions are still under pressure, the broker analyses.

Oddo BHF believes that, in a market environment that is still uncertain, management remains focused on the sound management of its operating expenses, and points out that the Group's financial structure remains 'very solid'.

Although no guidance has been provided, the analyst expects stable sales of E2bn for 2025, with operating profit that has slightly improved to E42m.


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